DALLAS, Nov. 15, 2016 /PRNewswire/ -- LoanBeam®, a provider of cutting-edge automated income calculation software, announced that it is now available through Ellie Mae's Encompass® all-in-one mortgage management solution. The seamless integration allows lenders to order LoanBeam's solutions directly through Encompass to drive quality and efficiency in the loan origination process.
With this integration, submitting a borrower's financial information and tax documents to LoanBeam is easier than ever. No unnecessary downloads and uploads to use both systems.
Ellie Mae® is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae's Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.
"LoanBeam is delighted to partner with Ellie Mae," said Kirk Donaldson, President of LoanBeam. "Our secure integration with Encompass enables existing clients to simplify the process of ordering our automated income calculation tools so they can more efficiently process mortgage loans and grow their business. It is also an enabler to expand our client base and the Encompass offering. We look forward to a long, successful relationship with Ellie Mae."
LoanBeam is a SaaS (Software as a Service) application that uses OCR (Optical Character Recognition) technology to export data from tax return PDFs to an Excel file that automatically calculates the income of a borrower. LoanBeam is pushing the boundaries of what mortgage income calculation looks like. LoanBeam's patented processes, advanced scanning technology, expanding strategic technological and financial industry partnerships are all combining to offer first-to-market income calculation solutions to some of the country's most influential companies. The company is headquartered Dallas, Texas. For more information, visit www.LoanBeam.com.
Ellie Mae® and Encompass® are registered trademarks of Ellie Mae, Inc.